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The use of estimates always undermines the reliability of financial statements. True or false?

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Question added by Deleted user
Date Posted: 2013/08/28
Hashim Rizvi
by Hashim Rizvi , Financial Controller , Houri Hearing Establishment

It is not always true, Due to nature of some asset estimation is neccessary. If company doestn't estimates its assets & Liabilities. This will more severe impact on financial statement than before.

Aziz ur Rehman ur Rehman
by Aziz ur Rehman ur Rehman , Assistant Manager Finance , Central Power Puchasing Agency (CPPA)

false 

Anisuddin Siddiqui
by Anisuddin Siddiqui , Sr. Planning Engineer , Southwest Architecture

True

P A Cariappa Appaiah
by P A Cariappa Appaiah , back office executive , Inspire Hond

It is not , always true, to the nature.

Umer Aziz
by Umer Aziz , Senior Accountant , TERNA Bahrain Holding - GEK Group (www.terna.gr)

Not Always

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